HomeMy WebLinkAboutC.054.93009_0426 (2)NOREER'S COMPENSATION - SELF INSURANCE: Mr. Mashburn said
Worker's Compensation continues to increase in cost. The County is
presently insured through the NCACC insurance pool for Worker's
Compensation. Mr. Mashburn has recently attended a couple of
meetings hosted by Rowan County and other counties that are
presently self-insured and utilizing the services of an
organization called the "Guilford City -County Insurance Advisory
Committee." Mr. Everett Arnold is the executive director.
This was discussed a couple of years ago, Mr. Mashburn said,
and at that time the board decided they were not willing to take
the additional risk. Since that time other counties who went the
route of self-insurance say they have saved considerable money.
Mr. Mashburn distributed some information and asked the board
to review this matter and put it back on the agenda for the mid-
February meeting.
Chairman Haire said she pointed out to the county manager if
there are no claims, the county will be fine, but if there are
several large claims, the county could get into big trouble. She
recommended that the board give this serious consideration.
Mr. Pope asked if there is any actuarial data available. He
said the decision is not whether or nota person would save money
or not but whether it is actuarially sound. It may be that the
pool is large enough for it to be actuarially sound, but he would
be inherently suspicious that it is.
Mr. Mashburn said he would have Everett Arnold or someone from
the insurance pool come and give information to our board and
answer questions they may have. He said it would be done in the
regular meeting or at a little earlier time on February 15th. He
reviewed some numbers of costs with the board.
ADJOURN: Chairman Haire adjourned the meeting at 9:30 p.m.
Next meeting: February 15, 1994, 6:00 p.m., County Commissioners'
Meeting Room, Iredell County Government Center, 200 South Center
Street, Statesville, NC.
Ale) --
Clerk to the Board
APPROVED:_
FEB 1 1994
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